EIP-1559 And The Ice Age Coming To Ethereum July 2021 l Why You Shouldnt Build A ETH Mining Rig.

EIP-1559 ETH Ice Age
In this video I look at the affects Of EIP-1559 For Miners and what the ice age will do to profits and the network.

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[fakumadda]

Still not selling my 52 cards. As they burn Ethereum the price will rise. This recent pullback was expected and most respected crypto analysts expect Ethereum to be at least $5000 by the end of 2021. Diamond hands people!

[lukethmpsn]

This feels like plenty of people are just starting to mind and done even know how wallets work.

[CryptoShaped]

Great job. Rabid mining. This sums everything up. Perfectly!!! Keep up the great videos

[blackmennewstyle]

To be honest, my main goal never was to exclusively mine ETH, i always wanted to diversify my coins, the only issue is that GPUs became impossible to buy on my side of the world when i was ready to invest more, leaving me with no choice other than keep mining ETH since i totally refuse to buy GPUs at the prices they are currently selling.
I kinda see that news for me as a good opportunity to diversify with caution and finally achieve my plans since if the ETH profits are reduced by 20~40% after July, i don't think a lot of people will stay longer in the space...
Have a great weekend <3

[wldtuwe]

Thanks for keeping it real. Seems like a reluctance out there to call this the way it's set to shake down. As you state, it's not just EIP 1559, there is more aspects to it. Troubling ones. I get it for some. Tell the audience the hard truth and lose your audience because you tell them it's a bad idea? It's a complex situation to be in. Like selling water and not telling people there is a river 10 minutes away.

[txtpeer]

Reddit can make GameStop stock go boom together but miner don't stand in front of EIP 1559 . I will not say bad thing against the community but its fucking pathetic really disappointed .

[allyoucouldate]

sure, nobody should buy mining rigs, because they will drop my mining profit...

[insomniacgr]

Are realistically other coins to keep mining as profitable as ethereum did all these years? Is Ravencoin as resilient and fundamentally strong?

[wldtuwe]

I also think this could go in many different directions. Miners can pick up and go to something with more optimism, like overnight. Literally in the blink of an eye, many miners could shift. Will it happen. Likely not but social media and news gets out fast. It's on the table at least.

[wolfgang]

From what I read from the blashbot community running mev. It looks like a good geth node called mev_geth.
Used to front run transactions off chain. Hints creating a shard?

But pools and miners can interact, after approval. The pool is in an beta to say.. but mev stand for maximum extracted value without permission between any transaction broadcasted.

Mev_geth is supposed to drop the user fees of ethereum and raise our earnings as miners. Or pool operator's

[cease]

Would 25 rx580 4gb at $300 each be worth it??

[Gamleprofil]

Just ordered a 1080. It'll mine pther coins than eth well so I am not worried

[brcodgaming]

Nicehash is the solution for GPU miners imo. Take those profits from mining with nicehash then dump them into pancake swap staking CAKE so your profits are making profits.

[charlieaguiar]

But what about if you mine less but the price of eth is.. lets say 5000.

[harryhightower]

and there coning out with a a10 pro that can do 2 gh in june there kind of fucking there self.
and the Phoenix-miner does 3k that's gonna be interesting to watch.

[llsmith]

neighbor just getting into crypto: "soo...eth gonna be a shitcoin?"
me: always was

writing was on the wall years ago watching vitalik steer it in whatever direction he wished. fully centralized governance, soon to be asic dominated, centralized nethash, inflationary, pos only for the rich, manipulated by the rich to take wealth from the poor same as stock market. Bidens new guy in SEC gonna crawl up vitaliks ass with a microscope upon switching to pos cuz ICO. Decentralization, arguably, is the most fundamental premise behind the evolution of crypto, to give power and control of wealth and assets, back to the masses. Vitalik couldnt care less about that. Hes for sale and always was. he's Zooko/zcash 2.0

cya all on april 1st.

[sandbox]

You just say the truth, someone have to say it even when the people dont want to hear it.

[tahitiindigo]

No more Holding ETH since i know this. ETH devs are bad people, now i mine and sell, like the ASIC holders are doing.

[GameOver-fsxd]

What graphics will appear on ebay in July?

[galewang]

Chinese government is going to shutdown all the mining farms in the Inner-Mongolia region, by end of April. I’m not sure if that will dramatically reduce Hash power.